Massachusetts § 89 Mutual marine companies; liability of president or director

Massachusetts Statutes

§ 89 — Mutual marine companies; liability of president or director

Massachusetts § 89

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 175INSURANCE

This text of Massachusetts § 89 (Mutual marine companies; liability of president or director) is published on Counsel Stack Legal Research, covering Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mass. Gen. Laws ch. 175, § 89 (2026).

Text

Section 89. If a subscriber to the agreement specified in section eighty-six fails to pay his subscription or any assessment thereon, and it is proved that the president or a director certified falsely under said section in regard to such subscriber, the person certifying shall be liable to the company for such amount as the subscriber fails to pay.If any such company is at any time liable for losses beyond the amount of its assets, the president and directors shall personally be liable for all losses on insurance effected while the company was in such condition.

Free access — add to your briefcase to read the full text and ask questions with AI

Section 89. If a subscriber to the agreement specified in section eighty-six fails to pay his subscription or any assessment thereon, and it is proved that the president or a director certified falsely under said section in regard to such subscriber, the person certifying shall be liable to the company for such amount as the subscriber fails to pay.If any such company is at any time liable for losses beyond the amount of its assets, the president and directors shall personally be liable for all losses on insurance effected while the company was in such condition.

View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)

Massachusetts § 89, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/175/89.